Your Closing Costs

"Closing Costs" are the fees which pay for the various services involved when you sell or buy a home. Buyers and sellers negotiate to decide how to split these closing costs.

As indicated below, many of the costs result from getting your mortgage loan. At Bob Rutledge Mortgage, we have extensive experience in mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Loan Estimate".

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. This cost estimate comes out of our past experience. It's important to note that while our LEs are very precise, we can't always predict your costs to the penny. We go over LEs with buyers every day, so we'd be glad to answer any questions you have about closing costs.

Below you'll find a generic list of closing costs. We will always provide a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

Loan-Related Costs
  • Loan-related costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

At Bob Rutledge Mortgage, we answer questions about closing costs every day. Call us: 3149139678.

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Bob Rutledge Mortgage

Loan Officer NMLS#: 297044

New American Funding 12321 Olive Blvd, ste 150
St. Louis, MO 63141